Bitcoin hits real life barriers in South Africa

Global Business

Bitcoin is being touted as the next wave in moving money in the developed world, but there still seems to be some reluctance.
CCTV Africa’s Angelo Coppola filed this report from Johannesburg.

Bitcoin hits real life barriers in South Africa

Bitcoin hits real life barriers in South Africa

Bitcoin is being touted as the next wave in moving money in the developed world, but there still seems to be some reluctance. CCTV Africa's Angelo Coppola filed this report from Johannesburg.

Highlights:

  • Bitcoin was introduced to South Africa late last year.
  • The security of a cashless economy drives some of the push for Bitcoin’s hopeful success in the developing world.
  • Adoption of mobile technology is a key factor in Bitcoin’s success.

First US publicly listed bitcoin firm

Some lucky bidders recently won $15 millions’ worth of Bitcoins in a government auction. It was seized in the FBI’s biggest Bitcoin sting operation. The original owner was convicted of running the Internet’s largest, anonymous black market for illegal drugs, known as Silk Road. Despite worries, investors still want a piece of the bitcoin business.

CCTV America’s Rachelle Akuffo reported from Washington, D.C.

First US publicly listed bitcoin firm

First US publicly listed bitcoin firm

Some lucky bidders recently won $15 millions' worth of Bitcoins in a government auction. It was seized in the FBI's biggest Bitcoin sting operation. The original owner was convicted of running the Internet's largest, anonymous black market for illegal drugs, known as Silk Road. Despite worries, investors still want a piece of the bitcoin business. CCTV America's Rachelle Akuffo reported from Washington, D.C.

For more on BTCS: http://www.bitcoinshop.us/index.php


Finance journalist Kyle Coward discusses Bitcoin barriers

CCTV America interviewed Kyle Coward for more on Bitcoin. He is a freelance finance journalist based out of Chicago.

Finance journalist Kyle Coward discusses Bitcoin barriers

Finance journalist Kyle Coward discusses Bitcoin barriers

CCTV America interviewed Kyle Coward for more on Bitcoin. He is a freelance finance journalist based out of Chicago.

  • Well the South Africans could just use coin.space digital wallets.

    • Who and what are coin.space absolutely nothing on the site of valuable input.

  • Lloyd

    Seemingly, the faultless security of a proposed, no cash tender system can potentially increase the clamor for Bitcoin’s success for developing and unifying a confederation for one, global monetary economy. In addition the adoption of mobile technology to this monetary system would be is a major trading factor in growing Bitcoin’s success. The question remains: What agencies will monitor the overseers?